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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 197.57 Billion by 2030 | 8.4% | Asia Pacific |
| By Rig Type | By Water Depth |
|---|---|
|
|
SCOPE OF THE REPORT
Offshore Drilling Rigs Market Overview
The offshore drilling rigs market is expected to grow at 8.4% CAGR from 2022 to 2030. It is expected to reach above USD 197.57 Billion by 2030 from USD 112.33 Billion in 2023.
Large structures called offshore drilling rigs were created to make it easier to extract, refine, and store oil and natural gas. These rigs are used for drilling wells, extracting and processing oil and gas, and holding goods until they are ready for refinement and sale when they land. Offshore drilling rigs are required for drilling beneath the seabed. The earth can be mined for natural gas and oil using drilling techniques. The rapid growth of offshore oil and gas operations is expected to raise demand for offshore drilling rigs globally. It has also been demonstrated that the development of new exploration sites and the improvement of current reserves have a positive effect on market expansion. The offshore drilling rig market is highly competitive, dominated by a few major manufacturers, and caters to a diverse range of clients, such as large oil and gas companies, independent operators, and national oil corporations. The industry offers a range of services, such as exploration, drilling, and production. The affordability and feasibility of offshore drilling are influenced by various environmental and regulatory factors, such as the cost of licenses and permits, as well as safety and environmental standards. Despite these challenges, the demand for oil and gas remains high, and the industry is continuously developing new innovations and technologies to enhance the efficiency and productivity of offshore drilling operations.
The rise in offshore operations, rising demand for oil and gas, and strict rules for onshore drilling projects are all contributing to the anticipated growth of the global offshore drilling rigs market. High expenditures on exploration and production are additional key factors in the market’s expansion. The market is expanding as a result of the rising number of exploratory wells, technical advancements, and rising need for energy security. However, the market’s expansion is being constrained by the government’s stringent regulations as well as expensive installation and operational costs. Many offshore drilling projects have been delayed or abandoned as a result of the pandemic as travel restrictions, supply chain problems, and social isolation policies have made it challenging for businesses to conduct exploration and production activities. A global economic downturn brought on by the pandemic has decreased demand for oil and gas, lowered prices, and reduced investment in offshore drilling projects.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2030 |
| Base year | 2022 |
| Estimated year | 2023 |
| Forecasted year | 2023-2030 |
| Historical period | 2019-2021 |
| Unit | Value (USD Billion), Volume (Thousand units) |
| Segmentation | By Rig type, By Water depth, By Region |
| By Rig Type |
|
| By Water Depth |
|
| By Region |
|
Offshore Drilling Rigs Market Segment Analysis
The offshore drilling rigs market is segmented based on rig type, water depth and region.
Based on rig type, the market is segmented into jack-up rigs, semi-submersibles, drill ships. Due to their excellent resistance to adverse weather and rising shallow-water exploration, jack-ups are anticipated to grow the most during the expected period compared to other segments. Jack-Up rigs are self-elevating, transportable, mobile drilling platforms that may be transported to a drilling site and then moored to the seafloor using retractable legs. When the platform is anchored, the legs are extended to raise it above the water, creating a stable platform for drilling operations. Jack-up rigs can be modified to meet unique drilling needs and are frequently used for drilling in water depths up to 400 feet (122 metres).
A variety of drilling tools and apparatus, such as drilling derricks, mud pumps, and blowout preventers, can be installed on jack-up rigs. Additionally, they can support various drilling activities like cementing and completion operations and have crew accommodations on board. Due to their adaptability, affordability, and effectiveness in shallow water drilling operations, jack-up rigs are common in the offshore drilling sector.
Based on water depth, the market is segmented into shallow water, deep water, ultra-deep water. Due to an increase in deep-water activities, technological advancements, and rising demand for crude oil, the deep and ultra-deep water segment is anticipated to grow the most during the forecasted period. Deep Water Offshore Drilling is the practice of conducting drilling operations in waters deeper than 400 feet (122 metres). These depths can go down to or beyond 12,000 feet (3,657 metres). Specialized drilling rigs, including semi-submersible rigs or drill ships, are employed to do deepwater drilling. These rigs can resist severe weather conditions including strong currents and large waves because they are built to operate in deepwater areas. Deepwater drilling necessitates cutting-edge tools and technology, such as subsea wellheads, riser systems, and blowout preventers. These elements are required to keep the well under control and avoid mishaps like oil leaks and blowouts.
Deepwater drilling presents a number of difficulties, including technological difficulty, expense, and safety. Due to the necessity for specialized machinery and technology, deepwater drilling rigs often have greater operational costs than shallow water rigs. As depth increases, so do safety threats, making it crucial to uphold high safety and environmental standards. Deepwater drilling is crucial to the offshore drilling industry despite these difficulties since it provides access to previously untapped oil and gas sources.
Offshore Drilling Rigs Market Players
The offshore drilling rigs Market Key players include Aban Offshore Limited, Diamond Offshore Drilling Inc., Ensco PLC, Hercules Offshore Inc., KCA Deutag, China Oilfield Services Limited., Maersk Drilling, Pacific Drilling, Seadrill Limited, Vantage Drilling, Atwood Oceanics, Nabors Industries Ltd, Rowan Companies PLC, Transocean Ltd., Halliburton, Schlumberger, Weatherford International Inc.
Recent Developments
19 April, 2023: Transocean Ltd. And Eneti Inc. announced the execution of a non-binding memorandum of understanding through the respective subsidiary companies indicating their intention to form a joint venture company that will be engaged in offshore wind foundation installation activities.
03 April, 2023: Seadrill Limited announced the completion of acquisition of Aquadrill LLC, and thus Aquadrill became a wholly owned subsidiary of Seadrill Inc.
Who Should Buy? Or Key stakeholders
- Oil and Gas Companies
- Drilling Rig Manufacturers
- Oilfield Services Companies
- Oil and Gas Resources Distributors
- Government & Regional Agencies
- Research Organizations
- Investors
- Regulatory Authorities
Offshore Drilling Rigs Market Regional Analysis
The offshore drilling rigs Market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
The Middle East, which has historically been a significant hub for offshore oil and gas production, is expected to be the dominant area for the offshore drilling rigs market in 2022 and the projected period also. In the upcoming years, the Middle East is anticipated to account for the majority of new offshore drilling activity, led by significant projects in nations like Saudi Arabia, the UAE, and Qatar. The demand for drilling rigs can alter depending on a number of variables, including oil and gas prices, geopolitical developments, and regulatory changes. The offshore drilling market is a global one. As a result, it’s crucial to take a variety of criteria into account when determining which area will dominate the offshore drilling industry in a particular year.
The Asia-Pacific region is anticipated to have the offshore drilling rigs market’s fastest growth in 2022. Due to rising energy demand, sizable offshore reserves, and favourable government policies, offshore drilling activity is anticipated to increase significantly in the Asia-Pacific region over the next few years. Australia, China, and India are anticipated to be the main forces behind regional growth. With the government aggressively encouraging offshore exploration and production activities to lessen the nation’s reliance on imported energy, India in particular is predicted to experience a large increase in offshore drilling activity. With numerous significant projects either underway or planned in the nation’s offshore waters, Australia is also anticipated to maintain its position as a major hub for offshore drilling. Additionally, more offshore drilling is anticipated in China, particularly in the South China Sea, which has sizable oil and gas reserves.
Key Market Segments: Offshore Drilling Rigs Market
Offshore Drilling Rigs Market By Rig Type, 2020-2030, (USD Billion, Thousand Units)
- Jack-Up Rigs
- Semi-Submersibles
- Drill Ships
Offshore Drilling Rigs Market By Water Depth, 2020-2030, (USD Billion, Thousand Units)
- Shallow Water
- Deep Water
- Ultra-Deep Water
Offshore Drilling Rigs Market By Region, 2020-2030, (USD Billion, Thousand Units)
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Exactitude Consultancy drill ships Key Objectives:
- Increasing sales and market share
- Developing new water depth
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the offshore drilling rigs market over the next 7 years?
- Who are the major players in the offshore drilling rigs market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the offshore drilling rigs market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the offshore drilling rigs market?
- What is the current and forecasted size and growth rate of the global offshore drilling rigs market?
- What are the key drivers of growth in the offshore drilling rigs market?
- Who are the major players in the market and what is their market share?
- What are the end users and supply chain dynamics in the offshore drilling rigs market?
- What are the technological advancements and innovations in the offshore drilling rigs market and their impact on water depth development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the offshore drilling rigs market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the offshore drilling rigs market?
- What are the water depth rig type and specifications of leading players in the market?
- What is the pricing trend of offshore drilling rigs in the market and what is the impact of raw material prices on the price trend?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL OFFSHORE DRILLING RIGS MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON OFFSHORE DRILLING RIGS MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL OFFSHORE DRILLING RIGS MARKET OUTLOOK
- GLOBAL OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION, THOUSAND UNITS), 2020-2030
- JACK-UP RIGS
- SEMI-SUBMERSIBLES
- DRILL SHIPS
- GLOBAL OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION, THOUSAND UNITS), 2020-2030
- SHALLOW WATER
- DEEP WATER
- ULTRA-DEEP WATER
- GLOBAL OFFSHORE DRILLING RIGS MARKET BY REGION (USD BILLION, THOUSAND UNITS), 2020-2030
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES*
(BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- ABAN OFFSHORE LIMITED
- DIAMOND OFFSHORE DRILLING INC.
- ENSCO PLC
- HERCULES OFFSHORE INC.
- KCA DEUTAG
- CHINA OILFIELD SERVICES LIMITED.
- MAERSK DRILLING
- PACIFIC DRILLING
- SEADRILL LIMITED
- VANTAGE DRILLING
- ATWOOD OCEANICS
- NABORS INDUSTRIES LTD
- ROWAN COMPANIES PLC
- TRANSOCEAN LTD.
- HALLIBURTON
- SCHLUMBERGER
- WEATHERFORD INTERNATIONAL INC. *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 2 GLOBAL OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 3 GLOBAL OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 4 GLOBAL OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 5 GLOBAL OFFSHORE DRILLING RIGS MARKET BY REGION (USD BILLION) 2020-2030
TABLE 6 GLOBAL OFFSHORE DRILLING RIGS MARKET BY REGION (THOUSAND UNITS) 2020-2030
TABLE 7 NORTH AMERICA OFFSHORE DRILLING RIGS MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 8 NORTH AMERICA OFFSHORE DRILLING RIGS MARKET BY COUNTRY (THOUSAND UNITS) 2020-2030
TABLE 9 NORTH AMERICA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 10 NORTH AMERICA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 11 NORTH AMERICA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 12 NORTH AMERICA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 13 US OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 14 US OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 15 US OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 16 US OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 17 CANADA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 18 CANADA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 19 CANADA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 20 CANADA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 21 MEXICO OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 22 MEXICO OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 23 MEXICO OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 24 MEXICO OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 25 SOUTH AMERICA OFFSHORE DRILLING RIGS MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 26 SOUTH AMERICA OFFSHORE DRILLING RIGS MARKET BY COUNTRY (THOUSAND UNITS) 2020-2030
TABLE 27 SOUTH AMERICA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 28 SOUTH AMERICA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 29 SOUTH AMERICA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 30 SOUTH AMERICA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 31 BRAZIL OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 32 BRAZIL OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 33 BRAZIL OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 34 BRAZIL OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 35 ARGENTINA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 36 ARGENTINA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 37 ARGENTINA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 38 ARGENTINA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 39 COLOMBIA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 40 COLOMBIA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 41 COLOMBIA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 42 COLOMBIA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 43 REST OF SOUTH AMERICA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 44 REST OF SOUTH AMERICA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 45 REST OF SOUTH AMERICA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 46 REST OF SOUTH AMERICA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 47 ASIA-PACIFIC OFFSHORE DRILLING RIGS MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 48 ASIA-PACIFIC OFFSHORE DRILLING RIGS MARKET BY COUNTRY (THOUSAND UNITS) 2020-2030
TABLE 49 ASIA-PACIFIC OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 50 ASIA-PACIFIC OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 51 ASIA-PACIFIC OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 52 ASIA-PACIFIC OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 53 INDIA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 54 INDIA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 55 INDIA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 56 INDIA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 57 CHINA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 58 CHINA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 59 CHINA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 60 CHINA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 61 JAPAN OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 62 JAPAN OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 63 JAPAN OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 64 JAPAN OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 65 SOUTH KOREA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 66 SOUTH KOREA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 67 SOUTH KOREA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 68 SOUTH KOREA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 69 AUSTRALIA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 70 AUSTRALIA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 71 AUSTRALIA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 72 AUSTRALIA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 73 SOUTH-EAST ASIA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 74 SOUTH-EAST ASIA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 75 SOUTH-EAST ASIA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 76 SOUTH-EAST ASIA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 77 REST OF ASIA PACIFIC OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 78 REST OF ASIA PACIFIC OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 79 REST OF ASIA PACIFIC OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 80 REST OF ASIA PACIFIC OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 81 EUROPE OFFSHORE DRILLING RIGS MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 82 EUROPE OFFSHORE DRILLING RIGS MARKET BY COUNTRY (THOUSAND UNITS) 2020-2030
TABLE 83 EUROPE OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 84 EUROPE OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 85 EUROPE OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 86 EUROPE OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 87 GERMANY OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 88 GERMANY OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 89 GERMANY OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 90 GERMANY OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 91 UK OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 92 UK OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 93 UK OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 94 UK OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 95 FRANCE OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 96 FRANCE OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 97 FRANCE OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 98 FRANCE OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 99 ITALY OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 100 ITALY OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 101 ITALY OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 102 ITALY OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 103 SPAIN OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 104 SPAIN OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 105 SPAIN OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 106 SPAIN OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 107 RUSSIA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 108 RUSSIA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 109 RUSSIA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 110 RUSSIA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 111 REST OF EUROPE OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 112 REST OF EUROPE OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 113 REST OF EUROPE OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 114 REST OF EUROPE OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 115 MIDDLE EAST AND AFRICA OFFSHORE DRILLING RIGS MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 116 MIDDLE EAST AND AFRICA OFFSHORE DRILLING RIGS MARKET BY COUNTRY (THOUSAND UNITS) 2020-2030
TABLE 117 MIDDLE EAST AND AFRICA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 118 MIDDLE EAST AND AFRICA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 119 MIDDLE EAST AND AFRICA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 120 MIDDLE EAST AND AFRICA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 121 UAE OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 122 UAE OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 123 UAE OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 124 UAE OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 125 SAUDI ARABIA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 126 SAUDI ARABIA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 127 SAUDI ARABIA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 128 SAUDI ARABIA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 129 SOUTH AFRICA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 130 SOUTH AFRICA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 131 SOUTH AFRICA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 132 SOUTH AFRICA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
TABLE 133 REST OF MIDDLE EAST AND AFRICA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (USD BILLION) 2020-2030
TABLE 134 REST OF MIDDLE EAST AND AFRICA OFFSHORE DRILLING RIGS MARKET BY RIG TYPE (THOUSAND UNITS) 2020-2030
TABLE 135 REST OF MIDDLE EAST AND AFRICA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (USD BILLION) 2020-2030
TABLE 136 REST OF MIDDLE EAST AND AFRICA OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH (THOUSAND UNITS) 2020-2030
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 3 BOTTOM-UP APPROACH
FIGURE 4 RESEARCH FLOW
FIGURE 5 GLOBAL OFFSHORE DRILLING RIGS MARKET BY RIG TYPE, USD BILLION, 2020-2030
FIGURE 6 GLOBAL OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH, USD BILLION, 2020-2030
FIGURE 7 GLOBAL OFFSHORE DRILLING RIGS MARKET BY REGION, USD BILLION, 2020-2030
FIGURE 8 PORTER’S FIVE FORCES MODEL
FIGURE 9 GLOBAL OFFSHORE DRILLING RIGS MARKET BY RIG TYPE, USD BILLION, 2022
FIGURE 10 GLOBAL OFFSHORE DRILLING RIGS MARKET BY WATER DEPTH, USD BILLION, 2022
FIGURE 11 GLOBAL OFFSHORE DRILLING RIGS MARKET BY REGION, USD BILLION, 2022
FIGURE 12 MARKET SHARE ANALYSIS
FIGURE 13 ABAN OFFSHORE LIMITED: COMPANY SNAPSHOT
FIGURE 14 DIAMOND OFFSHORE DRILLING INC.: COMPANY SNAPSHOT
FIGURE 15 ENSCO PLC: COMPANY SNAPSHOT
FIGURE 16 HERCULES OFFSHORE INC.: COMPANY SNAPSHOT
FIGURE 17 KCA DEUTAG: COMPANY SNAPSHOT
FIGURE 18 CHINA OILFIELD SERVICES LIMITED.: COMPANY SNAPSHOT
FIGURE 19 MAERSK DRILLING: COMPANY SNAPSHOT
FIGURE 20 PACIFIC DRILLING: COMPANY SNAPSHOT
FIGURE 21 SEADRILL LIMITED: COMPANY SNAPSHOT
FIGURE 22 VANTAGE DRILLING: COMPANY SNAPSHOT
FIGURE 23 ATWOOD OCEANICS: COMPANY SNAPSHOT
FIGURE 24 NABORS INDUSTRIES LTD: COMPANY SNAPSHOT
FIGURE 25 ROWAN COMPANIES PLC: COMPANY SNAPSHOT
FIGURE 26 SCHLUMBERGER: COMPANY SNAPSHOT
FIGURE 27 TRANSOCEAN LTD.: COMPANY SNAPSHOT
FIGURE 25 HALLIBURTON: COMPANY SNAPSHOT
FIGURE 26 DRESSER-RAND: COMPANY SNAPSHOT
FIGURE 27 WEATHERFORD INTERNATIONAL INC.: COMPANY SNAPSHOT
FAQ
The offshore drilling rigs market is expected to grow at 8.4% CAGR from 2022 to 2030. It is expected to reach above USD 197.57 Billion by 2030 from USD 112.33 Billion in 2023.
The demand for energy fuels is rising per year due to rising industrialization, concerns related to energy security, globalization, and growing economic wealth of developing countries.
The region’s largest share is in MEA. Products manufactured in nations like UAE and Saudi Arabia that perform similarly and are inexpensively accessible to the general public have led to the increasing appeal.
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